Sign In
Free Newsletter
Capital One CFO to leave in March 2021
McLean-based Capital One Financial Corp. Chief Financial Officer R. Scott Blackley will step down in March 2021 to hold the same position with New York City-based health insurance startup Oscar Health Insurance Corp., the company announced last week. Capital One is the largest bank in Virginia, according to 2019 deposits. Senior[...]
Northrop Grumman to sell IT, mission support biz for $3.4B
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. announced late Monday that it will sell its federal IT and mission support services business for $3.4 billion in cash to Herndon-based national security contractor Peraton, a Veritas Capital affiliate. This year, the Northrop Grumman business unit is expected to generate approximately $2.3 billion […]
Two Va. companies win spots on $211M Navy contract
The U.S. Navy awarded Arlington-based defense contractor Leonardo DRS Inc. and Virginia Beach-based VT Group positions on a five-year, $211.6 million contract to help the branch sustain its technical insertion equipment, the Department of Defense announced Friday. Under the contract, the two companies will produce, assemble and test Technical Insertion 2016 spare equipment, perform technical […][...]
Dewberry to provide advanced mapping of Alaska
Fairfax-based engineering consulting firm Dewberry announced Friday it has won a U.S. Geological Survey (USGS) task order to complete updated hydrography (maps of bodies of water) for the National Hydrography Dataset (NHD) for approximately 9,880 square miles in northern Alaska. An amount for the task order was not disclosed. From 2010 to 2020, Dewberry mapped […]
Accenture Federal Services secures blanket purchase agreement with U.S. courts
The Administrative Office of the United States Courts (AOUSC) awarded Arlington-based Accenture Federal Services (AFS) a five-year blanket purchase agreement to modernize the client case-management system of the U.S. Probation and Pretrial Services (PPS) system, the company announced Monday. PPS works to carry out probation and pretrial service functions in U.S. district courts. Under the […][...]
Ten Va. companies make 2021 Forbes list of top tax, accounting firms
Ten Virginia-based companies made Forbes’ top tax and accounting firms list for 2021. Of 450 companies across the nation, 250 companies were awarded the America’s Best Tax Firm 2021 title and 200 companies were awarded the America’s Best Accounting Firm 2021 title. Tax and account professionals and their clients were surveyed between August and September. […]
Shenandoah University announces partnership with esports league
Shenandoah University announced Monday that it has entered into a partnership with the Washington Justice, a professional Overwatch League, for internships and learning opportunities for students. This marks the first partnership between a university and a professional Overwatch League team (esports). The Washington Justice re[...]
Auto component supplier announces $4.6M Strasburg expansion
Automotive components and systems supplier International Automotive Components Group (IAC Group) will invest $4.6 million to expand its Strasburg operations and add auto component lines and products to its existing facility, creating 47 jobs, Gov. Ralph Northam announced Monday. Headquartered in Luxembourg, IAC Group is a supplier of instrument panels, console systems, door panels, headliners […][...]
Chesterfield industrial building sells for $2.77M
An industrial building in Chesterfield County sold for $2.77 million, Cushman & Wakefield | Thalhimer announced last week. Located at 8801-8899 Whitepine Road, the 28,600-square-foot Adbel Business Village sits on 4.1 acres. SMW Warehouses LLC purchased the property from Harrison & Hine LLC as an investment. Constructe[...]
Tysons IT company acquires Fla.-based tech training company
Tysons-based information technology company By Light Professional IT Services LLC announced Friday it has acquired Port Orange, Florida-based technology training company Raydon. Financial terms of the acquisition were not disclosed. Founded in 2002, By Light provides engineering, cyber, modeling and simulation services to defense and government agencies, employing more than 2,000 people. Raydon, which formed […][...]
Navy awards Bechtel $1.14B in contract modifications
The U.S. Navy awarded Reston-based Bechtel Corp.’s plant machinery company two contract modifications with a combined $1.14 billion in value to provide propulsion components for the branch’s nuclear-powered ships, the Department of Defense announced Thursday. The goal is to provide the military with effective nuclear propulsion plants and ensure that they are safe and reliable, […]
Va. employment may not fully recover until 2023 to 2025
Virginia may not get back to full, pre-pandemic employment until 2023 to 2025, according to Moody’s Analytics employment forecasting, but Stephen Moret, president and CEO of Virginia Economic Development Partnership (VEDP) thinks that the commonwealth can recover sooner. “We not only want to accelerate the path back to full,[...]
